Sean Harris

Independent investor. Trend Follower. Information and entertainment only. Not advice. #Trading #Stocks #StockMarket #Investing.

[Bob Loukas 🗽 @BobLoukas]

#gold looking to confirm yet another slightly shorter weekly cycle.

That would mean a likely push towards the ATH again.

[Callie Cox @callieabost]

This is the most important economic chart for the next few months.

Wages are back to growing faster than inflation.

People may start to see their budgets stretch further, and that could be a huge psychological boost for Americans (especially if companies keep hiring)

[David Keller, CMT @DKellerCMT]

$COIN above 80 is a pretty compelling chart, completing a breakout from a 13-month basing pattern. Further move to the August 2022 highs would be another 30 points or about 35%! Follow-through in names like $COIN is what will help $ARKK shine: https://t.co/r9XVJRjiTU

[Eddy Elfenbein @EddyElfenbein]

Real Fed funds based off core inflation is finally positive.

[Christophe Barraud🛢🐳 @C_Barraud]

🇺🇸 At least three reasons can explain why the #Fed is likely to raise rates in July despite multiple signs of disinflation:

1/ There is no sign of abrupt worsening of labour market conditions (lagging indicator)

2/ House prices have remained resilient over the past few months amid low inventories

3/ US Financial Conditions have improved since the end of May (see Bloomberg index) ⬇

[Mike Zaccardi, CFA, CMT 🍖 @MikeZaccardi]

98% of outstanding mortgages have interest rates below PMMS (current surveyed rate)...

....down from 99%

[WALL ST JESUS @WallStJesus]

📌

[David Settle, CMT @davidsettle]

Overbought cluster on $SPX at the 78% retracement level of the 2022 correction AFTER 3 months on current intermediate rally. The day is not over but something to keep an eye on if we end up closing at or near the day's intraday high

[Todd Harrison @todd_harrison]

Maine cannabis sales getting wicked high

A whopping $18.4M was spent on retail cannabis in June, surpassing May’s record of $17.2M.

#Maine #Cannabis

https://t.co/Qd0Fzore9D

[Eddy Elfenbein @EddyElfenbein]

The market's up but it's all high beta

[Ole S Hansen @Ole_S_Hansen]

EIA reports a 6m bbl increase in #crudeoil stockpiles with import and exports both lower, leaving the net up by 0.6mbp. #gasoline unch and distillates up 4.8m bbl. Production adj lower by 0.1mbd while refinery demand rose but remains below last year on a seasonal level. Some 0.4m bbl left SPR #oott

[John Authers @johnauthers]

It's hard to find anything in the #CPI data for the Fed not to like. This is the Cleveland Fed's Trimmed Mean CPI (excluding outliers in both directions). Last month, it increased at an annualized rate of less than 2%:

[David Keller, CMT @DKellerCMT]

$SPX Bullish Percent Index now above 70%. This means the market is going up! When this goes back below 70% (which can take weeks!) that usually means pullback mode has commenced. $BPSPX

[The Factor Report @PeterLBrandt]

Swiss Franc futures are posting 12-year highs against the U.S. Dollar today. $G6S_F $CHF

[Mike Zaccardi, CFA, CMT 🍖 @MikeZaccardi]

Hottest Florida first half on record!
https://t.co/VZNImAVMm2

[Ryan Detrick, CMT @RyanDetrick]

July is usually a strong month in the normally weakish summer months.

But to see strength the first half of the month is perfectly normal.

[Nautilus Research @NautilusCap]

#cpi CPI YoY declines to 3.00% (below 3.01%) first time in 2-years.

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